SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K
                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): January 13, 1998
                                                         ----------------

                         ARIZONA PUBLIC SERVICE COMPANY
                         ------------------------------
             (Exact name of registrant as specified in its charter)


            Arizona                       1-4473                86-0011170
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(State or other jurisdiction           (Commission            (IRS Employer
      of incorporation)                File Number)       Identification Number)


  400 North Fifth Street, P.O. Box 53999, Phoenix, Arizona        85004
  --------------------------------------------------------        -----
          (Address of principal executive offices)              (Zip code)



                                 (602) 250-1000
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              (Registrant's telephone number, including area code)



                                      NONE
                   -----------------------------------------
          (Former name or former address, if changed since last report)

Item 7.        Financial Statement, Pro Forma Financial Information and Exhibits
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               (c)    Exhibits.

                The  Registrant  hereby  files  the  following  Exhibits  to its
Registration  Statements on Form S-3 (Nos.  333-15379 and 333-27551)  which were
declared effective on November 14, 1996 and August 12, 1997, respectively.

Exhibit
No.            Description
- -------        -----------

1.2            Underwriting  Agreement and related Terms  Agreement,  each dated
               January 13, 1998, in connection with the offering of $100,000,000
               of 6-1/4% Notes Due 2005.

4.3            First  Supplemental  Indenture  dated  as of  January  15,  1998,
               relating to the  issuance  of  $100,000,000  of 6-1/4%  Notes Due
               2005.

4.4            Specimen of Note of 6-1/4% Notes Due 2005.

4.10           Indenture  dated as of January 15, 1998 among the Company and The
               Chase  Manhattan  Bank,  as  Trustee,  relating  to  Senior  Debt
               Securities.

12.2           Computation of Ratio of Earnings to Fixed Charges.

                                   SIGNATURES
                                   ----------


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Company  has duly  caused  this  report to be  signed on its  behalf by the
undersigned hereunto duly authorized.






                                      ARIZONA PUBLIC SERVICE COMPANY
                                               (Registrant)




Dated: January 15, 1998               By:   Michael V. Palmeri
                                          --------------------------------------
                                          Michael V. Palmeri
                                          Treasurer
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